Pinnacle Bancorp Inc. Raises Holdings in Relx Plc (NYSE:RELX)

Pinnacle Bancorp Inc. raised its holdings in Relx Plc (NYSE:RELX) by 90.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 983 shares of the technology company’s stock after acquiring an additional 468 shares during the period. Pinnacle Bancorp Inc.’s holdings in Relx were worth $43,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RELX. Frazier Financial Advisors LLC purchased a new stake in shares of Relx in the 4th quarter valued at approximately $35,000. Parkside Financial Bank & Trust increased its stake in Relx by 81.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 909 shares of the technology company’s stock worth $36,000 after acquiring an additional 407 shares during the last quarter. FSC Wealth Advisors LLC acquired a new position in shares of Relx in the 4th quarter valued at $42,000. Timber Creek Capital Management LLC purchased a new position in shares of Relx during the 1st quarter worth $43,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Relx during the 4th quarter worth about $48,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Price Performance

NYSE:RELX opened at $45.89 on Friday. The stock has a fifty day moving average price of $43.94 and a 200 day moving average price of $42.49. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51. Relx Plc has a 12-month low of $31.38 and a 12-month high of $46.29.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. StockNews.com began coverage on shares of Relx in a research report on Tuesday. They set a “hold” rating for the company. Berenberg Bank lowered Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

About Relx

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.